§ 48. Mr. Awberyasked the Minister of Labour what steps are being taken or contemplated to make industrial insurance schemes interchangeable so that men can transfer from one industry to another without any loss of benefits.
§ Sir W. MoncktonMy attention has been drawn to the possible effect on the mobility of labour of loss of pension benefits on transfer from one firm to another and I have the matter under consideration. I understand that taxation aspects are being examined by the Millard Tucker Committee on the Taxation Treatment of Provisions for Retirement, who are expected to report shortly.
§ Mr. AwberyWould the Minister press on with the idea of making these industrial insurances interchangeable because there are young men in some industries who would be more serviceable in others, but who cannot transfer because of the insurance arrangements? Would the Minister press on with this idea?
§ Sir W. MoncktonThis is a matter which is being considered by the Committee of which I spoke. It is a matter which I have very much in mind; but the hon. Member will realise that there are difficulties on both sides, and it is necessary for the trade unions to suggest that, in some cases at all events, there may be a blockage of promotion, which they do not want to see. We have to take all this into account, but I will get on with it.